The Concepts and Practice of Mathematical Finance by Mark S Joshi

Skip to product information
1 of 1

The Concepts and Practice of Mathematical Finance by Mark S Joshi

Summary

For those starting out as practitioners of mathematical finance, this book will be an ideal introduction, giving the reader a clear understanding of the intuition behind derivatives pricing, how models are implemented, and how they are used and adapted in practice.

The feel-good place to buy books
  • Free shipping in the US over $15
  • Supporting authors with AuthorSHARE
  • 100% recyclable packaging
  • Proud to be a B Corp – A Business for good
  • Sell-back with World of Books - Sell your Books

The Concepts and Practice of Mathematical Finance by Mark S Joshi

For those starting out as practitioners of mathematical finance, this is an ideal introduction. It provides the reader with a clear understanding of the intuition behind derivatives pricing, how models are implemented, and how they are used and adapted in practice. Strengths and weaknesses of different models, e.g. Black-Scholes, stochastic volatility, jump-diffusion and variance gamma, are examined. Both the theory and the implementation of the industry-standard LIBOR market model are considered in detail. Uniquely, the book includes extensive discussion of the ideas behind the models, and is even-handed in examining various approaches to the subject. Thus each pricing problem is solved using several methods. Worked examples and exercises, with answers, are provided in plenty, and computer projects are given for many problems. The author brings to this book a blend of practical experience and rigorous mathematical background, and supplies here the working knowledge needed to become a good quantitative analyst.
'The book is intended as an introduction for a numerate person to the discipline of mathematical financeIn this, Mark Joshi succeeds admirably … an excellent starting point for a numerate person in the field of mathematical finance.' Risk Magazine
'The author allows the reader as often as possible to get an intuition for the models and concepts. Helpful information is given on how to use and implement these models and concepts in practical terms. This practice-orientation makes this book different from others belonging to this category … the text is also well suited as a textbook for a quantitative-oriented introductory course on finance at universities or other academic institutions … one can say that this introductory book in offering a well balanced and up-to-date introduction to the theory and practice of mathematical finance overshadows many other books available on the same subject.' Zentralblatt MATH
'The book has been very nicely produced by Cambridge University Press. I would certainly recommend that anyone teaching an introductory or intermediate course on this topic seriously consider this book as a potential course text.' International Statistical Institute
'The set-up of this book certainly meets the needs of the audience for whom this book is written. Moreover, the author brings the material in a very comprehensive way leading to new or better insights in several aspects of the material. An innovation is that besides worked out examples and exercises, a list of computer projects are included which encourage the reader to implement the models. This certainly adds to the learning process.' Kwantitatieve Methoden
SKU Unavailable
ISBN 13 9780521823555
ISBN 10 0521823552
Title The Concepts and Practice of Mathematical Finance
Author Mark S Joshi
Series Mathematics Finance And Risk
Condition Unavailable
Publisher Cambridge University Press
Year published 2003-12-24
Number of pages 492
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note Unavailable